How to Run Your Home Business Lean – and Profitable

If there’s one lesson this economic downturn teaches us, it is the importance of running our business operations lean.

Many small business entrepreneurs made the mistake of spending too much, too soon. They based their spending on the money that they thought will be coming in, not on the money that they actually have. While optimism [...]

Startups and Surety Bonds: Does Your Small Business Have to be Bonded?

One of the common questions of many small business owners — especially those running a service-oriented business such as plumbing, cleaning, landscaping — is whether they need to be bonded. Is insurance enough? Why do they need to get bonded? I’ve invited Kevin Kaiser, a small business compliance expert at nationwide bonding agency SuretyBonds.com to shed light on what is a surety bond, and why your small business needs to be bonded.

Home Business Challenges: Working from Home Is Not Easy

MSNBC has an interesting article on the challenges of working from home in a piece entitled “Barking dogs and other home office issues” . The article describes some of the issues when working on a home-based business, as follows:

Kids may not easily adjust to the fact that their home-business owner parents are not available and [...]

How to Reduce Your Risks When Starting a Business

Entrepreneurship is all about taking risks. As much as you want everything to go as smoothly as possible, there’s really no “sure thing” in business and a million and one things could go wrong when starting a business. Plus of course, there’s always the possibility of failure.
The key, however, is to manage and reduce your [...]

Starting an Office Cleaning Business

Office cleaning is a competitive business and tougher to break into compared to home cleaning business.

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To get contracts, potential clients may ask you to go through a bidding process wherein you will compete with more established and bigger businesses in your area. Otherwise, this is a business that will require you to network, network [...]

Starting a Laundromat Business

If you are thinking of starting a laudromat business, here are important factors to consider:
1. Location = Location is key to the success of a laundry mat business. Location is all about proximity to the target demographic market and placement in an area that is convenient, with lots of parking, and affordable rent (you don’t [...]

9 Killer Mistakes to Avoid When Starting a Business

What are the common fatal mistakes when starting a business?
According to Ed Hess and Charles Goetz, authors of the book “So, You Want to Start a Business? 8 Steps to Take Before Making the Leap,” you need to avoid the following mistakes if you want your business to survive and have a chance at success:

Choosing [...]

Starting a Business and the Fear of Failure

One of the most common reasons why many would be entrepreneurs hesitate to start a business is the fear of failure. What if the business fails? It’s a scary thought, especially if you’ve given up a lot in order to jumpstart the business. The key is to prepare and have a plan of action.

Common Mistakes in Starting a Business

I’ve previously written about the common mistakes of startup entrepreneurs in the article Top 10 Home Business Mistakes. However, it is also interesting to see what other authors and experts consider as the most common mistakes small owners make:
Maria De Lourdes Sobrino, Founder and CEO of Lulu’s Dessert Corporation and the author of Thriving Latina [...]

Avoiding the Common Excuses of Startup Entrepreneurs

Starting a business can be scary, exciting and daunting at the same time. That’s why it’s not uncommon to find those thinking of starting a business frozen in fear and making excuses:

“Is this business really going to work?” That’s why you need to do research first before starting the business. It is important to check [...]

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